representative work

Cassels Represents the Underwriters in Osisko Mining’s $61 Million Private Placement

12/05/2019

On December 5, 2019, Osisko Mining Inc. completed a bought deal brokered private placement of 14,848,800 flow-through shares for aggregate gross proceeds of approximately $61 million, including the exercise in full of the underwriters’ option.

The flow-through shares were issued in two tranches, whereby the first tranche consisted of 8,050,000 flow-through shares at a price of $4.70 per flow-through share and the second tranche consisted of 6,798,800 flow-through shares at a price of $3.40 per flow-through share.

The first tranche offering was co-led by Canaccord Genuity Corp. and Eight Capital. The second tranche offering was led by Canaccord Genuity Corp., on behalf of itself and a syndicate of underwriters that included BMO Nesbitt Burns Inc., CIBC World Markets Inc., National Bank Financial Inc., Cormark Securities Inc., Echelon Wealth Partners Inc., Industrial Alliance Securities Inc., Beacon Securities Limited, and Haywood Securities Inc.

Cassels acted for the underwriters with a deal team that included Chad Accursi, Randall Blom and Tiffany Chiu (Securities and Mining) and Chris Norton (Tax).